8-KOther Events

ENTERGY CORP /DE/ 8-K Report (Jul 28, 2003)

Filed July 28, 2003For Securities:ETR

Summary

Entergy Corporation (ETR) filed an 8-K on July 28, 2003, primarily to disclose its earnings for the period ending on that date. The filing includes three press releases (Exhibits 99.1, 99.2, and 99.3) and a slide presentation (Exhibit 99.4) from the Chief Financial Officer. The core of the disclosure revolves around "operational earnings per share," a non-GAAP financial measure that excludes "special items." These special items are defined as events that are not routine, relate to prior periods, or involve discontinued businesses. Entergy presents this operational EPS alongside the standard GAAP-reported EPS to provide investors with a clearer view of the ongoing performance of its core businesses and to facilitate comparisons within the energy sector. The company also presents Return on Invested Capital (ROIC) and Return on Equity (ROE) on both an operational and as-reported basis.

Key Highlights

  • 1Entergy Corporation filed an 8-K on July 28, 2003, to report on its financial results and provide related disclosures.
  • 2The filing incorporates by reference three earnings releases and a slide presentation from the CFO.
  • 3Key financial information is presented using a non-GAAP measure called 'operational earnings per share' (EPS).
  • 4Operational EPS excludes 'special items' such as non-routine events, prior period impacts, or discontinued business effects.
  • 5Entergy also reports Return on Invested Capital (ROIC) and Return on Equity (ROE) on both 'operational' and 'as reported' (GAAP) bases.
  • 6The company believes these non-GAAP measures offer a better insight into ongoing business performance and aid sector comparisons.
  • 7Reconciliations between non-GAAP and GAAP measures are provided within the earnings releases, adhering to Regulation G requirements.

Frequently Asked Questions

The primary purpose of this 8-K filing is to publicly disclose Entergy Corporation's earnings for the period ending July 28, 2003, and to provide supplemental financial information and presentations related to these results.

'Operational earnings per share' is a non-GAAP financial measure used by Entergy that excludes 'special items.' These special items include impacts from non-routine events, prior period adjustments, or discontinued businesses. Entergy uses this measure to offer investors a clearer view of the ongoing performance of its core operations and to facilitate comparisons with other companies in the energy sector.

The detailed financial information, including the earnings releases and the CFO's slide presentation, are attached as exhibits (99.1, 99.2, 99.3, and 99.4) to this Form 8-K. Entergy also made these materials available via their website (www.entergy.com/webcasts) and hosted an earnings conference call on July 28, 2003.

Yes, Entergy states in the filing that quantitative reconciliations of its non-GAAP financial measures to the most directly comparable GAAP financial measures are provided within the accompanying Earnings Releases, in accordance with Regulation G.